4830 Lincoln StWichita, KS 67218

Property Details for 4830 Lincoln St

Year built

2012

Construction

STEEL FRAME

Lot size

0.83 AC

Property size (Sq ft)

8,320 SF

Property type

Outlet malls

APN

087-127-25-0-23-02-022.00

APU

87127250230202200

Description

This exceptional 8,320-square-foot storefront retail space, located at 4830 E Lincoln St in Wichita, Kansas, presents a significant investment opportunity. Situated on a 0.83-acre lot (36,000 square feet), this single-story, 2012-built building boasts a prominent location directly across from Parklane Shopping Center at the intersection of Lincoln and Oliver. The property features 34 parking stalls and benefits from high visibility due to a traffic count of 21,647 vehicles per day at the major intersection. Currently vacant, the space offers immediate occupancy from September 30, 2023, and is zoned for limited commercial use. The asking price is $600,000, translating to $72.12 per square foot. Tenant responsibilities include utilities, insurance, snow removal, sweeping, and trash removal, as outlined in the estimated net operating expenses. This property is ideal for a variety of retail uses and offers significant potential for a strong return on investment. The building is in excellent condition and ready for immediate occupancy. Don't miss this chance to secure a prime retail location in a thriving Wichita neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,107,156

  6.5%

  $1,945,066

  7%

  $1,806,133

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,522,677

  Geo Method

  $2,522,677

• Alternative Use

  Use

  Valuation

  Residential

  $1,640,736

  Hospitality

  $1,502,906

  Educational

  $1,250,400

  Medical

  $1,293,403

  Retail

  $1,945,066

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.6724

Longitude

-97.2791

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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